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題名 | 民間投資公共建設--BOT模式與專案融資=Public Construction Invested by the Private--BOT Model and Project Finance |
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作者 | 王小龍; |
期刊 | 萬能學報 |
出版日期 | 19970700 |
卷期 | 19 1997.07[民86.07] |
頁次 | 頁307+309-335 |
分類號 | 440 |
語文 | chi |
關鍵詞 | 公共建設; BOT模式; 專案融資; |
中文摘要 | 由於公共建設直接影響經濟之發展與成長,因此世界各國無不積極地推動各項公共建設;但因受限於財力或為避免財政擴張引致通貨膨漲,所以引導民間資金投資公共建設,以減輕政府財政的負擔,並提昇執行效率與工程品質,便成為各國政府在推動公共建設時之重要政策;引導民間投資公共建設的方式很多,有BT(Build-Transfer興建-移轉)、BOT(Build-Operate-Transfer興建-營運-移轉)、BOO(Build-Own-Operate興建-擁有-營運)等,其中BOT模式是各國實施至今較有成效者。 所謂BOT係指透過與政府之特許合約,由民間投資興建公共建設並負責營運,維修,於特許期限屆滿後將所有權移轉給政府繼續經營之模式,起源於1984年之土耳其,我國目前有南北高速鐵路計畫與中正機場捷運系統正進行BOT招商中,BOT興起最主要有二個理由,一可減輕政府財政負擔,二能將民間經營效率帶入公共建設之中,相較於傳統的政府公共建設,BOT的重點在於經費籌措與風險分擔,前者有賴專案融資環境之建立,後者則需政府與民間協調合理分擔。 我國目前進行中以BOT方式推動的公共建設,多以交通建設為主,具有投資金額大、建造時間長,回收速度慢、外部經濟效益高而內部財務報酬率低之特質,對參與投資者而言,除了計畫本身的營運收入利潤外,藉著交通建設所帶動的沿線土地開發,及未來營運後尚可衍生出之其他商業機會,所帶來的收益更是難以估計,未來我國加入WTO國際組織,勢必開放國內營建市場,國外廠商挾充沛資金、技術以BOT模式參與公共建設必屬常見,因此我們必須對BOT詳加探討瞭解以為因應參考。 |
英文摘要 | Owing to the public construction directly influence upon the development and growth of economy, countries all over the world actively promote all kinds of public constructions. Because of the shortage of the government finance and because of avoiding the inflation caused by the expansion of the government finance, the governments of the world tend to use effectively the private resources, leading the private capital to invest the public construction in order to lessen the burden of the government finance and lift the implementation efficiency and engineering quality. There are many ways to lead the private investment on public construction, such as BT (Build-Transfer), BOT(Build-Operate-Transfer), BOO(Build-Own-Operate), etc. Among them, BOT model is the most effective. BOT is that through the permitted contract with the government, the private invest to build the public construction and are in charge of its running and repair. After the deadline of the contract, the private transfer the possession rights to the government, letting the government keep on operating. It originated form Turkey in 1984. The arising of BOT has two reasons. First, it can release the burden of the government finance; second, it can bring the efficiency operated by the private into the public construction. So far we have the bidding of BOT about the plan of the North-East super railroad and MRTS Systems of CKS Airport. Compared to traditional public construction invest4d by the government, BOT focus on the raising of fund and sharing the burden of risk. The former depends on the establishment of project finance, the latter relies on the negotiation between the government and the private. |
本系統之摘要資訊系依該期刊論文摘要之資訊為主。